Sue is a college student living in an apartment with friends. She works at Local gym 20 hours per week. She makes $11.00 per hour. Sue has a savings account from working during high school and working full-time summer jobs. During the school year, she withdraws $100 per month in order to help her cover living expenses. Sue's parents are helping with an additional $100 per month. Use 85% of Sue's gross income for the month for her net income. Sue's fixed monthly expenses are: $400 $20 $100 $50 $55 Cable/Internet: $30 Sue's budget must include Giving, Saving, Food, Gas, Entertainment, and Personal. Rent: Renters Insurance: Car Insurance: Cell Phone: Utilities:
Sue is a college student living in an apartment with friends. She works at Local gym 20 hours per week. She makes $11.00 per hour. Sue has a savings account from working during high school and working full-time summer jobs. During the school year, she withdraws $100 per month in order to help her cover living expenses. Sue's parents are helping with an additional $100 per month. Use 85% of Sue's gross income for the month for her net income. Sue's fixed monthly expenses are: $400 $20 $100 $50 $55 Cable/Internet: $30 Sue's budget must include Giving, Saving, Food, Gas, Entertainment, and Personal. Rent: Renters Insurance: Car Insurance: Cell Phone: Utilities:
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Sue is a college student. Look at the screenshot below to answer the question.
Transcribed Image Text:Sue is a college student living in an apartment with friends. She works at a
local gym 20 hours per week. She makes $11.00 per hour. Sue has a
savings account from working during high school and working full-time
summer jobs. During the school year, she withdraws $100 per month in
order to help her cover living expenses. Sue's parents are helping with an
additional $100 per month. Use 85% of Sue's gross income for the month
for her net income. Sue's fixed monthly expenses are:
$400
$20
$100
$50
$55
Cable/Internet:
$30
Sue's budget must include Giving, Saving, Food, Gas, Entertainment, and
Personal.
Rent:
Renters Insurance:
Car Insurance:
Cell Phone:
Utilities:
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